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    35494 Co Rd Crosslake, MN 56442
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    35494 Co Rd Crosslake, MN 56442

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    • Office properties & Spaces
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    • Office properties & Spaces

    Property Details for 35494 Co Rd

    Property type
    Office properties & Spaces

    Description

    This exceptional 300-square-foot traditional office space presents a unique opportunity in the heart of Crosslake, Minnesota. Located at 35494 Co Rd 3, 56442, this single-tenant office boasts a highly convenient location, directly connected to a local taphouse, salon, and medical spa, offering unparalleled access to amenities and potential synergy with complementary businesses. The property is ideal for a small business or solo practitioner seeking a fully equipped and easily accessible workspace. The monthly rent of $400 is all-inclusive, eliminating the need for additional utility or maintenance expenses. This translates to a highly competitive and attractive rental rate for a space of this size and prime location within Crosslake. The property's address is 35494 Co Rd 3, Crosslake, MN 56442, offering easy access for clients and employees alike. Given its central location and all-inclusive rental structure, this office space represents a compelling investment for any business seeking a cost-effective and convenient solution in a thriving community. The property type is a traditional office, perfect for a variety of professional uses. The convenient location and all-inclusive rent make this a truly exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Crosslake
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -94.1078
    Latitude
    46.6685

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      35252 County Rd 3rd 3

      OFFICE (GENERAL) • 1,500 SF
      35252 County Rd 3rd 3, Crosslake, MN 56442-2804
      View Details
    • Value Estimation by Request

      35494 Co Rd

      Office properties & Spaces
      35494 Co Rd, Crosslake, MN 56442
      View Details
    • Value Estimation by Request
      2,992 SF

      35258 County Rd 3rd 3

      OFFICE (GENERAL) • 2,992 SF
      35258 County Rd 3rd 3, Crosslake, MN 56442-2804
      View Details
    • Value Estimation by Request
      3,050 SF

      33816 County Rd 3rd 3

      OFFICE (GENERAL) • 3,050 SF
      33816 County Rd 3rd 3, Crosslake, MN 56442-4047
      View Details
    • Value Estimation by Request
      3,456 SF

      35272 County Rd 3rd 3

      OFFICE (GENERAL) • 3,456 SF
      35272 County Rd 3rd 3, Crosslake, MN 56442-2804
      View Details
    • Value Estimation by Request
      2,064 SF

      34354 County Rd 3rd 3

      OFFICE (GENERAL) • 2,064 SF
      34354 County Rd 3rd 3, Crosslake, MN 56442-2833
      View Details

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    35494 Co Rd
    Crosslake, MN 56442
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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